First American Financial (NYSE:FAF) PT Raised to $72.00 at Keefe, Bruyette & Woods

First American Financial (NYSE:FAF) had its target price lifted by Keefe, Bruyette & Woods from $66.00 to $72.00 in a report issued on Wednesday morning, Benzinga reports. The firm currently has an outperform rating on the insurance provider’s stock.

A number of other equities research analysts have also commented on FAF. Stephens restated an overweight rating and set a $66.00 price target on shares of First American Financial in a research report on Thursday, July 25th. Barclays decreased their target price on First American Financial from $65.00 to $61.00 and set an equal weight rating on the stock in a report on Tuesday, July 9th. Finally, Truist Financial lifted their price target on First American Financial from $65.00 to $68.00 and gave the company a buy rating in a report on Friday, July 26th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of Moderate Buy and a consensus price target of $66.75.

First American Financial Stock Performance

Shares of NYSE FAF opened at $65.03 on Wednesday. The business has a fifty day moving average of $59.51 and a two-hundred day moving average of $57.30. First American Financial has a 52-week low of $49.55 and a 52-week high of $66.11. The stock has a market cap of $6.74 billion, a PE ratio of 31.11 and a beta of 1.29.

First American Financial (NYSE:FAF) last announced its quarterly earnings results on Wednesday, July 24th. The insurance provider reported $1.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.14. The firm had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.62 billion. First American Financial had a net margin of 3.28% and a return on equity of 7.98%. The firm’s quarterly revenue was down 2.1% on a year-over-year basis. During the same period last year, the firm posted $1.35 EPS. Analysts predict that First American Financial will post 3.89 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of FAF. Norges Bank acquired a new position in shares of First American Financial during the fourth quarter valued at $76,210,000. Dimensional Fund Advisors LP raised its holdings in First American Financial by 16.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,647,709 shares of the insurance provider’s stock worth $196,793,000 after purchasing an additional 515,710 shares during the last quarter. Boston Partners boosted its stake in shares of First American Financial by 13.3% in the 1st quarter. Boston Partners now owns 4,074,181 shares of the insurance provider’s stock valued at $248,237,000 after purchasing an additional 479,618 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of First American Financial by 4.3% in the 1st quarter. Vanguard Group Inc. now owns 10,567,038 shares of the insurance provider’s stock valued at $645,118,000 after purchasing an additional 431,089 shares during the last quarter. Finally, MKP Capital Management L.L.C. bought a new position in shares of First American Financial in the 4th quarter valued at about $25,776,000. 89.05% of the stock is currently owned by institutional investors.

First American Financial Company Profile

First American Financial Corporation, through its subsidiaries, provides financial services. It operates through Title Insurance and Services, and Home Warranty segments. The Title Insurance and Services segment issues title insurance policies on residential and commercial property, as well as offers related products and services internationally.